The investment group of Czech billionaire Daniel Křetínský has bought a 27% stake in West Ham, the Premier League club said Wednesday.
The 1890s holdings a.s controlled by Kretínský is the majority owner of Czech football team Sparta Prague who also owns energy conglomerate EPH.
Kretínský and his colleague, Pavel Horský, became members of West Ham’s board as a result of the acquisition into a club that is currently in third place in the Premier League after its 3-2 win over Liverpool on Sunday, a result you could predict with the bets built by Footy Accumulators
Co-chairmen David Gold and David Sullivan have controlled West Ham since 2010 and the club has made impressive strides in recent years under manager David Moyes in his second spell in charge.
“Having been to the London Stadium recently to watch David Moyes’ team, I know it is an incredible time to become part of the West Ham United family,” said Kretínský, who attended the Liverpool game. “I feel privileged to now have the opportunity to help everyone here build on the proud traditions of this great club.”
In the Czech Republic, Kretínský owns book publishing houses, a sport daily and magazines, and he co-owns French newspaper Le Monde. He has stakes in a number of other companies including Macy’s, Foot Locker, Sainsbury’s, Royal Mail and Metro.
We are pleased to announce that Czech investment group 1890s holdings a.s has completed the acquisition of 27% shares of WH Holding Ltd.
— West Ham United (@WestHam) November 10, 2021
“We are always looking to continue to progress and Daniel’s involvement brings investment which strengthens the club’s position, and in turn will assist in the development of the club’s key areas of focus,” said vice-chair Karren Brady.
“David Sullivan and David Gold have always been very open about finding the right investors to join them on the journey as custodians of West Ham United, and Daniel’s strong business acumen and football experience will be of huge benefit to the club.
“We very much look forward to working with him and Pavel.”